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China’s new $52.5 billion fund focuses on increasing the competitiveness of state-owned enterprises and their global operations

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hina has established a $52.5 billion fund to advance supply-side reforms. Ten state-owned enterprises (SOEs) will provide its initial capital of $19.7 billion. The nation said it will reduce its number of SOEs from 106 to no more than 100 this year.
10 months ago
Amedeo Tumolillo
By Amedeo Tumolillo
Amedeo Tumolillo is an editorial consultant with SupChina and award-winning multimedia journalist. He previously worked at The New York Times and Spectrum. Follow him on Twitter at @hellotumo.
China in 2 minutes a day
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